11:29 AM · 7 April 2020

BREAKING: US markets recover half of the losses

Slower spread of the coronavirus in recent days as well as hopes that oil output cut agreement may be reached continue to push US indices higher and higher. Most of the Wall Street indices have already recovered around half of losses incurred during the February-March drop. S&P 500, Dow Jones and Nasdaq have already rallied 25-30% from mid-March lows.

Nasdaq (US100) is making a break above the 50% retracement and 200-session moving average today as coronavirus data continues to support sentiment. Source: xStation5

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